Juso's Inheritance Tax Faces Strong Opposition

Published: 2024-08-19

The Juso's inheritance tax initiative, proposing a 50% tax on inheritances over 50 million Swiss francs, is facing significant opposition.

Recent surveys indicate that 58% of respondents would reject the initiative, with only 34% in favor.

The initiative aims to generate funds for climate protection and economic transformation, but has sparked controversy among wealthy individuals and business leaders.

Critics argue that the tax could drive wealthy individuals out of Switzerland and harm the economy.

Despite the backlash, Juso President Mirjam Hostetmann remains optimistic, emphasizing the importance of climate action.

However, even without the controversial retroactive clause, the initiative's chances of passing remain slim.

The last attempt to introduce a national inheritance tax in 2015 was also unsuccessful, with 71% voting against it.